Resin Capsule Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Resin Capsule Market Analysis
The resin capsule market is expected to witness a CAGR of over 4%, during the forecast period. One of the main factors driving the market is growing demand for resin capsule from the mining industry. However, volatility in raw material prices of resin capsule is expected to hinder the growth of the market studied.
By the end-user Industry, resin capsule from the mining industry is expected to dominate the market, over the forecast period.
Growing demand for resin capsule from the oil and gas industry is likely to act as an opportunity for the market studied in the future.
Asia-Pacific is expected to dominate the market with the largest consumption from countries, such as China and India.
Resin Capsule Market Trends
This section covers the major market trends shaping the Resin Capsule Market according to our research experts:
Growing Demand of Resin Capsule from the Mining Industry
- The resin capsule consists of a structural adhesive grout and resin, such as unsaturated polyester resin and a threaded rod or a reinforcing bar, which is inserted in a drilled hole, to develop their holding capacities by bonding of the adhesive grout to both the anchor and concrete.
- Easy installation and resistance to anchoring failure by vibration make resin capsule the best suite for the mining Industry.
- Increasing safety concerns in underground mines, due to tunnel failure, boosted the demand for resin capsule bolts.
- The demand for more flexibility in planning, designing, and strengthening concrete structures resulted in an increased consumption of chemical grouted anchors.
- Hence, owing to the above-mentioned factors, the application of resin capsule from the mining industry is likely to dominate, during the forecast period.
Asia-Pacific to Dominate the Market Studied
- Asia-Pacific is expected to dominate the market for resin capsule, during the forecast period. The increasing demand for resin capsule, with growing mining and construction activities in developing countries, like China and India, is expected to drive the demand for resin capsule in the region.
- The largest producers of resin capsule are located in Asia-Pacific. Some of the leading companies in the production of resin capsule are Orica Limited, Sormat Oy, DSI Underground, Minova, and Fischerwerke GmbH & Co. KG, among others.
- The metals and mining sector in India is expected to witness a major reform in the next few years, owing to reforms, such as Make in India Campaign, Smart Cities, Rural Electrification, and a focus on building renewable energy projects under the National Electricity Policy, as well as the rise in infrastructure development.
- According to China's statistical yearbooks, the construction industry has contributed considerably to the country's economic development. The urbanization process and gross output of the construction industry in China have increased from USD 0.21765 trillion to USD 2.902 trillion.
- Owing to the above-mentioned factors, the Resin Capsule Market in the Asia-Pacific region is projected to grow significantly, during the study period.
Resin Capsule Industry Overview
The resin capsule market is partially consolidated in nature, with only few major players dominating the market. Some of the major companies are Orica Limited, Sormat Oy, DSI Underground, Minova, and Fischerwerke GmbH & Co. KG, among others.
Resin Capsule Market Leaders
Orica Limited
Sormat Oy
DSI Underground
Minova
Fischerwerke GmbH & Co. KG
*Disclaimer: Major Players sorted in no particular order
Resin Capsule Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand of Resin Capsule from the Mining Industry
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Volatility in Raw Material Price of Resin Capsule
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Catalyst Type
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5.1.1 Organic Peroxide
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5.1.2 Oil-based
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5.1.3 Water-based
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5.2 By Resin Type
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5.2.1 Polyester
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5.2.2 Epoxy
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5.2.3 Acrylic
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5.2.4 Other Resin Types
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5.3 By End-user Industry
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5.3.1 Construction
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5.3.2 Mining
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5.3.3 Oil and Gas
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5.3.4 Industrial Manufacturing
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5.3.5 Other End-user Industries
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5.4 By Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 France
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5.4.3.4 Italy
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East and Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Orica Limited
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6.4.2 DSI Underground
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6.4.3 RSC Ekusasa Mining
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6.4.4 Fischerwerke GmbH & Co. KG
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6.4.5 Sormat Oy
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6.4.6 Minova
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6.4.7 Koelner Rawlplug IP
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6.4.8 Liebig International Ltd
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6.4.9 Hexion Inc.
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6.4.10 Bohle AG
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6.4.11 Barnes Group
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6.4.12 Buildtech Products India Pvt. Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand of Resin Capsule from the Oil and Gas Industry
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7.2 Other Opportunities
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Resin Capsule Industry Segmentation
The resin capsule market report includes:
| By Catalyst Type | |
| Organic Peroxide | |
| Oil-based | |
| Water-based |
| By Resin Type | |
| Polyester | |
| Epoxy | |
| Acrylic | |
| Other Resin Types |
| By End-user Industry | |
| Construction | |
| Mining | |
| Oil and Gas | |
| Industrial Manufacturing | |
| Other End-user Industries |
| By Geography | |||||||
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Resin Capsule Market Research FAQs
What is the current Resin Capsule Market size?
The Resin Capsule Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Resin Capsule Market?
Orica Limited, Sormat Oy, DSI Underground, Minova and Fischerwerke GmbH & Co. KG are the major companies operating in the Resin Capsule Market.
Which is the fastest growing region in Resin Capsule Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Resin Capsule Market?
In 2024, the Asia Pacific accounts for the largest market share in Resin Capsule Market.
What years does this Resin Capsule Market cover?
The report covers the Resin Capsule Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Resin Capsule Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Resin Capsule Industry Report
Statistics for the 2024 Resin Capsule market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Resin Capsule analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
